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takyon [soylentnews.org] writes:

Netflix burns cash at a record pace, but investors love it [cnbc.com]

In its third quarter earnings statement on Tuesday, the company reported negative free cash flow of $859 million, the biggest figure in its history. Netflix continues to increase spending on original content as it seeks to compete with other players like Hulu, HBO and planned streaming services like Disney's, scheduled for next year. Netflix will reportedly spend at least $8 billion on content in 2018 [cnbc.com].

It would be a shame if someone were to pirate or illicitly stream that content.

Netflix has criticized the EU's local content quotas [theverge.com]:

Netflix used its third quarter earnings report [q4cdn.com] to criticize the European Union over a new content quota for streaming services. The EU, writes Netflix CEO Reed Hastings in the report, is "currently rewriting its audio visual rules" that will demand streaming services like Netflix "devote a minimum of 30 percent of their catalog to European works." Netflix's report acknowledged that catering to a specific audience encouraged more regional original programming for international audiences, but suggested that enforcing quotas on a streaming service could have unwanted negative effects.

Netflix is already set to spend $1 billion on European content this year.

Also at MarketWatch [marketwatch.com].

Related: Netflix to Raise Another $1.6bn to Finance New Films and Shows [soylentnews.org]
Netflix Beats Wall Street Expectations on Subscriber Growth, Reaches $100 Billion Market Cap [soylentnews.org]
Netflix Won't be Going to Cannes After All [soylentnews.org]
Netflix Shares Plunge as Subscriber Growth Rate Stalls [soylentnews.org]
Netflix Will Now Interrupt Series Binges With Video Ads for its Other Series [soylentnews.org]
Local Product Quotas for Netflix, Amazon to Become Law, EU Official Says [soylentnews.org]
Animated "Diablo" Series Reportedly Coming to Netflix [soylentnews.org]
Netflix Buys ABQ Studios in Albuquerque, New Mexico [soylentnews.org]

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